EMPRESA MARITIMA DEL ESTADO.
image contributed by Josef Nuesse, None
The yellow or buff funnel bears a blue-white-red triband. Brown’s blue pennant has a diagonal white band edged red, described as Pbd, bearing a blue star.
The Nuesse pennant has a tapering white diagonal panel edged red towards hoist and fly, with narrow field-blue fimbriation separating red from white, and a blue star on the white. Rosanoski combines it with the funnel on the assumption that the funnel is undisputed, conditional on this flag being correct. The illustrated shades follow the website.